accounts receivable


accounts receivable
a record of what is owed to you. All of the credit " accounts" - the record of what each customer owes you - taken together are your " accounts receivable". Glossary of Business Terms
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An asset account that reflects amounts due from private persons or organizations for goods and services furnished. For corporations, accounts receivable excludes funds due from departments, but may include funds due from affiliates. For governments and nonprofit organizations using fund accounting, it does not include funds due from other funds owned by the same entity. A category of personal property defined by Article 9 of the UCC. Accounts receivable is the right to receive payment for goods sold or leased or for services rendered where those rights are not evidenced by an instrument or by chattel paper. American Banker Glossary
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money owed by customers. Bloomberg Financial Dictionary

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accounts receivable UK US noun [plural] also UK debtors, also US receivables) ACCOUNTING
the amounts in a company's accounts that show money that is owed to the company by its customers: »

At the end of the fiscal year, the company had $106 million in accounts receivable.


Financial and business terms. 2012.

Look at other dictionaries:

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  • accounts receivable — noun a creditor s accounts of money owed to him; normally arise from the sale of products or services • Usage Domain: ↑plural, ↑plural form • Hypernyms: ↑assets * * * acˌcounts reˈceivable 7 [accounts receivable] …   Useful english dictionary

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